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Feedback in:

My biggest issues are finding the right stocks at the right time. I use thinkorswim and finviz for scanning and trade entry and occasionally stay in too long (so – I need to improve everything in my trade strategy). I also switch methods on occasion but lately I have been trying to stick to one or two strategies; Scanning for low RSI on daily and then switching to ConnorsRSI 30 min and MFI going up for entry and selecting stocks that are in an uptrend with 21ema pullback to 50sma (TOS scan again) – and 9ema crossing sma (so i guess three strategies). I also have a limited account size and am working my way to building it up from 5000 to eventually “more” to avoid pattern day trade rules (thanks to those jackass’s Barney Frank and Chris Dodd) – I also deposit some of my paycheck in every two weeks).

This does ok but I want to improve without paying for signals or special indicators sold on the internet to “rake in the big bucks” (if this is that, I apologize for wasting your time; I’m not interested).

I have a desire to learn without paying someone a small fortune every month for something that will supposedly do everything for me without applying time and effort researching market conditions and understanding when the opportunity is there. I’d rather deposit that money in my brokerage account. I want to read books, watch videos and learn how to trade better and avoid making stupid mistakes as much as possible.

Thanks for your time,

Sincerely,

Michael

Read my book Trend Following and you will dump your current short term strategy.

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How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Feedback in:

My biggest challenge in my perpetual quest for a 100% winning strategy is that I am so overwhelmed by online/offline content where everyone is claiming to have the ultimate truth that I can’t know which rule works for which market condition. After reading 40% of the turtle trader book, I am looking forward to interacting more with you,

Best regards,

Name

Make sure to read 100%, then you will stop chasing the dream of 100% winners.

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How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
• About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Feedback in:

Hello,

Thanks for your information.

To give you an answer, it is simply this: where can I find a reasonably good filter for trending stocks?

Regards,

Miguel

It doesn’t work that way. At all.

You need:

• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.

Also see my FAQS.

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How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
• About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Feedback in:

Greetings Mr. Covel,

I suppose I will test your claim of reading these responses!

I’ve been fascinated with trading pretty much my entire life – it wasn’t until about 3 years ago I had cash I was able to trade with and got into futures. After 3 years of day trading on and off, at the end of each year the story was the same – my account was at a drawdown due to fees and errors, and I had been unable to find an edge that I could apply consistently. I seemed to be able to find intraday opportunities that seemed to work great at certain times and would net me hefty profits, though then would be a disaster and claim whatever I had made the weeks or months prior. Short term techniques with relatively low R of 1 – 1.25 seemed to give me high win rates of 70 – 80% for some weeks/months, but would then drop to 20% – 30% and would wipe everything out. After a relatively large trading sample of the short term day trading strategies I’ve tried over the last three years, everything seems to normalize to randomness, and thus I’ve never found an edge that works consistently. That, and I’ve frankly grown tired of “clicking the mouse” during day trading – I read your book Trend Following and thought it was great, hence why I am here.

So that’s my answer. Have a great day!

Brett

Sounds like you are on the right track. More resources here.

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How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
• About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Feedback in:

Hey Michael,

I read your book 15 years ago or so and loved it. I had a small hedge fund back in 2000 and we did really well by trend following — particularly long Gold and short Bonds at the turn of the century. It was so small I flew it under the radar, but had some very, very happy clients (mostly farmers).

My next fund was a quant fund. I thought I had come up with a mathematical secret sauce for buy and sell signals. I passed the Series 65, hired an attorney and gave him a lot of money, and then started trading with my own money first. The back testing was averaging 35% annual avg ROI. The real life trading was closer to 2% (on a good day). 5000 lines of spreadsheet code later, tens of thousands invested and I folded up the show. I was definitely not going to trade other people’s money without an edge that I knew worked.

I got out of trading for about a decade, then started getting interested in the mathematics of options. I’ve gone fairly deep with [name]. Don is a super sharp guy and really understands options. I’ve learned a ton from him. But so far anyway, the iron condors, and selling high probability spreads, and in/out debit spreads, etc. just haven’t been making me much money. I just don’t see how his strategy can get me where I want to go.

Then a couple of days ago I had a realization, I love commodities and I love trend trading. As I look back on all my trades, I’ve mostly made the really good money following trends. Like last summer buying call options on CL as oil went negative in May… I got in at 25 and sold the calls for roughly 200% gains when crude rallied back above $40. It was a blast.

So I searched on trend trading and saw that you were still out there doing your thing… I got the audio book and am going through it again now. I’m looking forward to going back to the only trading style that has ever really worked consistently for me. Thanks for the re-inspiration!

Paul D

You are welcome!

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How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
• About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Subscribe to Trend Following Radio on iTunes

My guest today is Moritz Seibert. He started investing in 1998 and began his professional career as a derivatives trader at HSBC in Germany. Later, he worked for RBS in the UK as well as in the USA, where he was responsible for the bank’s equity derivatives structuring business. Subsequent to RBS, Moritz co-founded Aquantum, a Munich-based systematic CTA focused on short-term trend following and commodity spread trading strategies. Today, Moritz is the CEO/CIO of Munich Re Investment Partners, a quantitative asset management company serving institutional clients globally.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

• COVID-19
• All That is Trend Following
• Getting Started

Mentions & Resources:

• Moritz Seibert
• Jerry Parker
• 2 Quants
• COVID-19 Vaccine
• @twoquants
• @moritzseibert

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Listen on Stitcher.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

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Feedback in:

Hi Mike,

Just wanted to email to thank you for all the work you’ve put into your books and podcasts.

I’ve been listening to the podcast and audiobooks, and reading your books for a few years and it’s transformed the way I see markets and led to me developing my own (successful!) systematic trading system over the past year.

I’m not sure I’d ever have done it without your books and podcasts, so I can’t thank you enough.

I also appreciate your perspective on all sorts of topics and politics, despite having quite different politics myself. I like to hear your perspective, it gets me out of my urban-millenial-liberal bubble now and then!

Just wanted to say thanks again!

All the best,
James

You are welcome!

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How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
• About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.